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Monday, May 23, 2011

USAToday: Questions and answers about Europe's debt crisis

Questions and answers about Europe's debt crisis
By Matthew Craft, Associated Press

NEW YORK — In case you were wondering if Europe still matters, take a look at the latest headlines.

MarketWatch: QE2 was a bust

May 23, 2011, 10:18 a.m. EDT
QE2 was a bust
Economic data is worse than before

By Brett Arends, MarketWatch

BOSTON (MarketWatch) — It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?

WSJ: Europe Debt Concerns Grow

EUROPE NEWS|MAY 23, 2011, 2:22 P.M. ET
Europe Debt Concerns Grow
Spanish Vote Results, Greek Woes, Ratings Warnings Add to Fears

By JONATHAN HOUSE And DAVID ROMÁN

MADRID—Concerns mounted about Europe's debt problems following a crushing defeat for Spain's ruling party in weekend elections, compounded by infighting in Europe over whether Greek government bonds should be restructured and new warnings from credit-rating agencies.

Reuters: Euro zone debtors under pressure over new risks

Euro zone debtors under pressure over new risks

(Reuters) - Financial markets piled pressure on heavily indebted euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and ratings agencies stoked new concerns over Italy and Belgium.

Bloomberg: China Manufacturing May Slow on Tightening Steps

Related News: Economy · Asia · China
China Manufacturing May Slow on Tightening Steps
By Bloomberg News - May 23, 2011 1:34 PM GMT+0900

A Chinese manufacturing index fell to its lowest level in 10 months, adding to signs that economic growth is cooling after the government raised interest rates and curbed lending to rein in inflation.

WSJ: Euro-Zone Growth Slows to 7-Month Low

EUROPE BUSINESS NEWS|MAY 23, 2011, 4:36 A.M. ET
Euro-Zone Growth Slows to 7-Month Low

By NICHOLAS WINNING

LONDON—Growth in the euro zone's private sector eased more than expected to its weakest pace in seven months in May, led by a sharp slowdown in manufacturing, the preliminary results of a survey by financial-information firm Markit showed Monday.

Bloomberg: Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative

Related News: Economy · Asia · Europe · Japan · U.K. & Ireland · U.S. · Currencies · Funds · Insurance · Middle East · France · Canada
Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900

The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.

Sunday, May 22, 2011

Bloomberg: Fed Focusing on Inflation Expectations

Related News: U.S. · Bonds · Currencies
Fed Focusing on Inflation Expectations
By Caroline Salas and Scott Lanman - May 23, 2011 8:00 AM GMT+0900

The cue for the Federal Reserve to start withdrawing its record monetary stimulus may be a measure of its own credibility: inflation expectations.

Friday, May 20, 2011

Fortune: Sizing up a sweeping mortgage settlement

Sizing up a sweeping mortgage settlement

Mortgage lenders like Bank of America and Wells Fargo are fighting the fight on all fronts, with the latest being False Claims Act violations. Here's what to look for in any settlements.
By Abigail Field, contributor

FORTUNE -- The trouble for America's largest mortgage lenders just keeps mounting. How much will it cost them to make it all go away?

Thursday, May 19, 2011

Bloomberg: Home Sales in U.S. Drop, Manufacturing Stalls in Sign Recovery Is Flagging

Related News: U.S. · Economy · Real Estate
Home Sales in U.S. Drop, Manufacturing Stalls in Sign Recovery Is Flagging
By Bob Willis and Shobhana Chandra - May 20, 2011 5:13 AM GMT+0900

Sales of existing U.S. homes unexpectedly declined, manufacturing in the Philadelphia region slowed and consumer confidence dropped, pointing to an economy that is struggling to regain momentum following the surge in energy costs.